Insider Selling: Emera (TSE:EMA) Insider Sells C$536,000.00 in Stock

Emera Incorporated (TSE:EMA) insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the transaction, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. This trade represents a 77.09% decrease in their position.

Emera Stock Down 0.5%

TSE EMA opened at C$66.51 on Friday. The stock’s 50 day simple moving average is C$67.41 and its 200 day simple moving average is C$65.19. Emera Incorporated has a one year low of C$51.23 and a one year high of C$69.62. The firm has a market cap of C$20.07 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The firm had revenue of C$2.11 billion during the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%. As a group, sell-side analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EMA has been the topic of a number of research analyst reports. Raymond James Financial increased their price objective on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. CIBC raised their price target on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. National Bankshares boosted their price objective on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada lifted their target price on Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.